Salary Range: $180,000 to $240000/year + 25% Annual Incentive Plan + Long Term Incentive (RSUs)
Salary offers are based on a wide range of factors including relevant skills, training, experience, education, and, where applicable, certifications obtained. Market and organizational factors are also considered. Successful candidates may be eligible to receive annual performance bonus compensation.
Benefits Information:
We are proud to offer best-in-class benefits and programs to support employees and their families in living healthy, happy lives. Our pay and benefit plans have been designed to promote employee health in all respects – physical, financial, and developmental. Depending on whether it is a part-time or full-time position, some of the benefits offered may include:
• Day 1 Medical, supplemental health, dental & vision for FT employees who work 30+ hours
• Best-in-class well-being programs
• Annual, no-cost health assessment program Blueprint for Wellness®
• healthyMINDS mental health program
• Vacation and Health/Flex Time
• 6 Holidays plus 1 "MyDay" off
• FinFit financial coaching and services
• 401(k) pre-tax and/or Roth IRA with company match up to 5% after 12 months of service
• Employee stock purchase plan
• Life and disability insurance, plus buy-up option
• Flexible Spending Accounts
• Annual incentive plans
• Matching gifts program
• Education assistance through MyQuest for Education
• Career advancement opportunities
• …and so much more!
Quest Diagnostics’ Clinical Solutions division manages diagnostic tests and other solutions that help hundreds of millions of patients gain insights into their health each year. Product Directors own a large clinical segment and a portfolio of diagnostic tests and solutions. The Senior Product Director for Metabolic and Wellness will manage a ~$1B portfolio within our multi-billion dollar Cardiometabolic, Endocrinology, and Wellness department. This role will work oversee clinically important areas like Diabetes, Chronic Kidney Disease, and Metabolic Liver Disease (MASLD/MASH) as well as explore cutting-edge areas such as the gut microbiome, optimal health, sleep, longevity, and non-alcoholic fatty liver disease (NAFLD). This role will oversee 2 – 3 product managers, determine the appropriate assignment of these managers to the portfolio, and manage their performance.
To be successful, this individual will partner closely with Medical, Operations, IT, Marketing, Sales, Finance, and many other cross-functional partners to build the business case for, secure approval of, and manage the launch of these new solutions. The Senior Product Director will also maintain relationships and opportunistically collaborate with medical associations, pharmaceutical companies, medical device manufacturers, and many other external organizations.
JOB RESPONSIBILITIES
- Drive for profitable growth in the assigned clinical area (Metabolic and Wellness) by recommending and overseeing various initiatives including marketing and sales campaigns, operations improvement projects, R&D and innovation, and partnerships and M&A activity.
- Oversee, develop, and coach a team of 2 – 3 product managers who are typically responsible for the following:
- Identifying, evaluating, and building business cases for new opportunities
- Building the clinical/medical use case with our medical team
- Partnering with Operations and IT to build new solutions and monitor progress
- Collaborating with Sales and Marketing to develop an appropriate promotion strategy
- Leading the launch team and ensuring that pricing, coding, reporting, training, advertising/promotion, channel strategies and tactics are launch-ready
- Monitoring revenue and profitability in partnership with Finance, Medical Affairs, Pricing, and other groups, and implementing adjustments as needed
- Contribute to the development of the department’s Annual Operating Plan (AOP) and long-term view of the market by:
- Conducting market research to stay abreast of market trends and the competitive landscape
- Maintaining close relationships with external partners like medical associations and pharmaceutical companies to gain insights
- Establishing or maintaining medical advisory committees and patient advocacy groups, if needed
- Contribute to our team culture by participating in and sometimes leading:
- Company-wide events like our Annual Heart Health Walk and National Diabetes Month employee webinar
- Department events like our semi-annual in-person meetings and monthly virtual meetings
- Company-wide Employee Business Networks (e.g., Young Professionals, HealthyQuest, QuestCAN [non-profit / philanthropy engagement], Women in Leadership, and many others)
JOB QUALIFICATIONS
Because of the multi-faceted nature of this role, it’s unlikely that a candidate will have mastered every single skill that this role involves on the first day. The most important qualification is a willingness to learn and work diligently.
Some other qualifications for consideration are:
- A bachelor’s degree is required. A degree in life sciences, finance, business, marketing, or product management may be most relevant
- An advanced degree such as an MBA is not required, but many of our product directors do have an advanced degree
- A typical senior product director has 12+ years of work experience, most of which has been in the healthcare industry, with 5+ years specifically in marketing and product management
- Because this role manages a team from day 1, previous people management experience is strongly preferred
- Ability to become knowledgeable in the clinical aspects of the assigned clinical area (Metabolic and Wellness)
- Strong project management skills, including engaging the right stakeholders, assigning and following up on action items, and building project timelines
- Strong communication and presentation skills, especially in PowerPoint
- Ability to manipulate and analyze financial data in Excel, and ability to create and defend financial forecasts
- Working with many cross-functional partners who have many different working styles and personalities
